Several Mercosur top officials will be attending the 2021 United Nations Food Systems Pre Summit that takes off this Monday in Rome until 28 July. The UN and Italy are hosting the Pre-Summit gathering under the leadership of UN Secretary-General António Guterres and Prime Minister of Italy Mario Draghi.
The historical downspout of the Paraná River has led Yacyretá, Argentina's biggest hydroelectric plant, to work at around 50% of its normal capacity, which has a direct impact on supply to the electrical system.
By Ana Palacio (*) – The EU well knows that when it comes to expanding its influence within a country or region, China plays the long game. But China is also adept at identifying opportunities to make rapid progress, and Latin America’s escalating crises represent a golden one.
Just as the European Commission sent a bill last week to the European Parliament regarding electric vehicles, the Governments of Argentina and Bolivia are also taking similar paths.
The Uruguayan central bank is waiting for stronger signals of economic recovery before altering the current monetary policy, according to a release from the Monetary Policy Committee, Copom. In its third 2021 meeting, at the end of June, it ratified the current reference interest rate of 4,5% and anticipated it will wait for improved indicators from the pandemic battered economy.
Argentine authorities have confirmed the detection of nine more cases of the coronavirus Delta variant, the Health Ministry announced Monday through a statement.
The Economic Commission for Latin America and the Caribbean (ECLAC) raised its average growth estimate for the region in 2021 to 5.2%, reflecting a rebound from the deep contraction of 6.8% registered in 2020 as a consequence of the adverse effects of the COVID-19 pandemic.
The Mercosur trade block, now under the chair of Brazil for the next six months, will be facing one of its most significant potential disruption challenges after the virtual summit with the presidents of the four founding members openly exposing their differences, despite a limited coverage of the event.
On the eve of Thursday's Mercosur summit, Uruguay informed its partners that it will proceed with negotiations, expecting to reach trade agreements with third parties or blocks, outside of the four founding members group.
Argentina's Migrations Director Florencia Carignano Monday said reopening borders with neighbouring countries was under consideration for when vaccination has reached a larger number of people.